Hot Pursuit     29-Aug-17
Asahi India Glass declines after recent sharp rally
Asahi India Glass lost 2.66% to Rs 366.50 at 12:15 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 230.59 points, or 0.73% at 31,520.23. The S&P BSE Mid-Cap index was up 8.72 points, or 0.06% at 15,416.40.

On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 16,821 shares in the past one quarter. The stock had hit a high of Rs 385 and a low of Rs 365.35 so far during the day. The stock had hit a record high of Rs 400.70 on 28 August 2017 and a 52-week low of Rs 163.20 on 15 November 2016.

The stock had outperformed the market over the past one month till 28 August 2017, advancing 36.44% compared with the Sensex's 1.73% fall. The scrip had also outperformed the market over the past one quarter gaining 55.23% as against the Sensex's 2.33% rise. The scrip had also outperformed the market over the past one year advancing 100.69% as against the Sensex's 14.28% rise.

The mid-cap company has equity capital of Rs 24.31 crore. Face value per share is Rs 1.

Shares Asahi India Glass had rallied 28.21% in the preceding five trading sessions to settle at Rs 376.50 yesterday, 28 August 2017, from its close of Rs 293.65 on 18 August 2017.

Asahi India Glass' consolidated net profit rose 38.3% to Rs 39.19 crore on 5.1% increase in net sales to Rs 600.40 crore in Q1 June 2017 over Q1 June 2016.

Asahi India Glass is an integrated glass solutions company. The company is engaged in the manufacture of glass in primary or semi-manufactured forms.

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